Dennis Stevenson, Baron Stevenson of Coddenham
Encyclopedia
Henry Dennistoun "Dennis" Stevenson, CBE
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...

, DL
Deputy Lieutenant
In the United Kingdom, a Deputy Lieutenant is one of several deputies to the Lord Lieutenant of a lieutenancy area; an English ceremonial county, Welsh preserved county, Scottish lieutenancy area, or Northern Irish county borough or county....

 (born 19 July 1945) was created a life peer as Baron Stevenson of Coddenham, of Coddenham in the County of Suffolk
Suffolk
Suffolk is a non-metropolitan county of historic origin in East Anglia, England. It has borders with Norfolk to the north, Cambridgeshire to the west and Essex to the south. The North Sea lies to the east...

 in 1999, and was awarded a CBE
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...

 (Commander of the Order of the British Empire) in 1981. He sits on the cross-benches in the House of Lords
House of Lords
The House of Lords is the upper house of the Parliament of the United Kingdom. Like the House of Commons, it meets in the Palace of Westminster....

.

Career

He was educated at the Edinburgh Academy
Edinburgh Academy
The Edinburgh Academy is an independent school which was opened in 1824. The original building, in Henderson Row on the northern fringe of the New Town of Edinburgh, Scotland, is now part of the Senior School...

, Trinity College, Glenalmond
Glenalmond College
Glenalmond College is a co-educational independent boarding school in Perth and Kinross, Scotland, for children aged between 12 and 18 years. It is situated on the River Almond near the village of Methven, about west of the city of Perth. The school's motto is Floreat Glenalmond...

, and King's College, Cambridge
King's College, Cambridge
King's College is a constituent college of the University of Cambridge, England. The college's full name is "The King's College of our Lady and Saint Nicholas in Cambridge", but it is usually referred to simply as "King's" within the University....

.

Stevenson's business career started when he set up the SRU Consultancy Group upon leaving Cambridge.

He has been a non-executive Director of British Technology Group (1979-89), Tyne Tees Television (1982-87), Manpower Inc (1988-2006), Thames Television (1991-93), J. Rothschild Assurance plc (1991-97), English Partnerships (1993-2004), BSkyB (1994-2001), Lazard Bros (1997-2002) and St James's Place Capital (1997-2002).

He has been Chairman of the Newton Aycliffe and Peterlee New Town Development Corporation (1971-80), Aerfi (formerly GPA, 1993-1999), Pearson (1997-2005) and HBOS (formerly Halifax Plc, 1999-2008)

Stevenson's non-business career includes chairman of Intermediate Technology Development Group (1983-1990), Chairman of the Trustees of the Tate Gallery (1988-1998), Chairman of the House of Lords Appointments Commission (2001-2008), Member of the Panel of Takeovers and Mergers and Chairman of the NAYC (1973-1981),

Stevenson is Chairman of Manocap and Aldeburgh Music, and a non-executive director of Western Union, Loudwater Partners and The Economist. He is also Chancellor of the University of the Arts London
University of the Arts London
The University of the Arts London, formerly known as the London Institute, is a collegiate university comprising six internationally recognised art, design, fashion and media colleges in London, England...

.

He was married in 1972 and has four sons.

Stevenson was awarded a CBE in 1981, a knighthood in 1997 and was made a peer in 1999.

Credit crunch

Stevenson became Chair of Halifax plc in 1999 and when they merged with Bank of Scotland
Bank of Scotland
The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to...

 he became Chair of the merged group, HBOS plc. After the collapse of Lehman Brothers in September 2008 and the subsequent forced rescue-merger between HBOS and Lloyds TSB, Stevenson and Andy Hornby
Andy Hornby
Andy Hornby is an English businessman, notable for having been the Group Chief Executive of HBOS at the time of its government-facilitated rescue by Lloyds TSB...

 resigned, waiving their rights to any "pay-offs". At a meeting of the Treasury Select Committee of the House of Commons on February 10, 2009, Stevenson apologised for the near-collapse of HBOS.

External links

  • Member Profile at the Parliament
    Parliament of the United Kingdom
    The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom, British Crown dependencies and British overseas territories, located in London...

    website
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